3309 Drysdale Ct
Edwardsville, IL 62025
short term very extended. Options pricing is too enticing to
market makers to ensure a rug pull
CX was a great breakout to new highs but now RSI extended and 4
simple moving averages look toppy and massive volume on
Friday. Thoughts please.
Australia on the other hand is looking strong - not far away
from previuos tops
AEX CAC and DAX are looking tired
In ES futures we have time resistance to the rally with the last
swing being up 25 bar on the 120m chart and the current rally swing
in time is similar at 24 bars up so far...good time to trail up a
Some levels on SPX and ES posted yesterday to write down
FOMC Wednesday and ECB/BOE on Thursday
AMZN GOOGL AAPL Thursday
TSLA practice count 15 min
I am not super bullish or super bearish. I am definitely not in
the camp of retesting covid lows. As of now trading what I see.
Long term portfolio is still invested. Made some adjustments as
needed for example picked up more Tesla at 115, XBI at 65 last
When you get the chance can you explain on the intraday BPT
Deluxe charts two things:
1) what are the dots in blue and pink? If you could
explain generally what they are so that I can understand it on an
intuitive level, that would be helpful.
2) why is do those intraday charts not have the vertical lines
like the daily chart?
I understand you have a lot going on with personal matters so it
doesn't have to be right away, but if you could explain it, when
you get the chance, that would be great. TIA
You are super bullish. Are you heavily long?
Thanks timebandit for that observation !!
Appreciate it !!
$CPC closed pretty low Friday at 0.84. Past times it reached
this level on this chart led to a decline in $SPX, sometimes one
day, sometimes multi-day. No guarantee it will happen again, but
that's the pattern. If the rapid plunge in BB width keeps up much
longer, the bands will become very tight very soon.
In dec 22 the prices of unregulated energy (which, while
maintaining sustained growth, pass +69.9% to +63.3%), unprocessed
food (from +11.4 % to +9.5%) and transport-related services (from
+6.8% to +6.0%); on the other hand, support for the inflation trend
derives from the acceleration in the prices of regulated energy
(from +57.9% to +70.2%), processed food (from +14.3% to +14.9% ),
recreational, cultural and personal care services (from +5.5% to
+6.2%) and communications services (from +0.2% to +0.7%).
In December 2022, core inflation (i.e. excluding energy and
fresh food) accelerated from +5.6% to +5.8% and that excluding
energy alone rose from +6.1% to +6.2%
Reduce rates and they'll spend more , raise taxes to
bring in more revenue and they'll spend more . They're gonna
spend more and create more debt till the country folds like a cheap
suit . To assume they'll do what's best for the country is to
ignore what they've done already , the exact opposite.
Will the stock market rise if the dollar falls hard ? ,,,
Hard assets rise against a weak currency . Kinda
like my house , when it was built (1959)ish sold for 7k
I’m from Italy. Official CPI rate as of dec 22 is 11,6%, near
the top of nov 22 at 11,8%. The main item was energy with natural
gas and electricity out of control due to silly sanctions against
Russia. Wages are steady at the moment, so no inflationary spiral
in place still. For now the top in inflation may be in, with a mild
winter NG is way down and also elecricity with it lately. The big
driver will be escalation of Ucrain conflict or not. The stronger
Euro is helping.
Hence the need to cut rates as early as they can. The fed
is probably more desperate than people think to cut rates. But they
are waiting for data to show cooling which so far has been trending
in the right direction (bad news for bears)
Earnings recession cant get worse. Analysts have cut estimates
significantly. Stocks got destroyed last 2 years.
Technicals so far have been confirming this move.
US paid $853 Billion in Interest for $31 Trillion Debt in 2022;
More than Defense Budget in 2023. If the Fed keeps rates at at
these levels (or higher) we will be at $1.2 trillion to $1.5
trillion in interest paid on the debt. The US govt collects about
$4.9 trillion in taxes.
Fred Economic Data (St.
Big Tech Names
$SPX - Chart Link- plenty of support areas
below (bulls don't want below 4005)
ES Weekly pivot 4070 which if held makes Friday's selling
insignificant and targets 4125 4141 4160 4195. Acceptance
below 4070 targets 4032 4010 3975 and 200 day MA
Big earnings week ahead and FOMC Feb 1st
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